Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Wealth and mortgage debt both edge higher

by Tas Bindi • 1 Jul 2019

Household wealth edged higher in the March quarter, but declining house prices meant mortgage debt also creeped up,...READ MORE

BOQ slashes fixed rates to new lows

by Reporter • 1 Jul 2019

The non-major has announced rate reductions across its fixed home loan offerings ahead of the Reserve Bank’s next... READ MORE

Banking code obligations could ‘bankrupt’ brokers

by Charbel Kadib • 28 Jun 2019

Broking industry stakeholders have come out in force to oppose “unfair” credit policy changes introduced as part of... READ MORE

ASIC to host new set of public hearings

by Charbel Kadib • 28 Jun 2019

The corporate regulator will host public hearings attended by banks and industry stakeholders to discuss changes to its... READ MORE

Brokers increasingly looking at business finance

by Annie Kane • 28 Jun 2019

The head of the FBAA has noted that more mortgage brokers are writing and learning about business finance following... READ MORE

Bank introduces review period for broker commissions

by Charbel Kadib • 27 Jun 2019

A lender has announced that it will alter the manner in which it pays upfront commissions to brokers by introducing a... READ MORE

Risks flagged amid lending policy changes

by Charbel Kadib • 27 Jun 2019

An industry association has issued a warning over the “unintended consequences” associated with the new banking... READ MORE

Broker urges banks to accept APRA reforms

by Reporter • 27 Jun 2019

A Perth-based mortgage broker has called on banks to green-light the prudential regulator’s proposed reforms to... READ MORE

P2P lender expands presence in third-party space

by Reporter • 27 Jun 2019

A non-bank credit provider has been added to another aggregator’s panel of lenders.

Suncorp warns of ‘administrative error’

by Annie Kane • 27 Jun 2019

Following an “administrative error” in which Suncorp failed to remind mortgagors of their home insurance... READ MORE

Brokers rate the non-major banks

by Annie Kane • 26 Jun 2019

The third-party channel believes non-major banks are performing more strongly than major banks and non-banks, according... READ MORE

Westpac introduces changes to lending policy

by Reporter • 26 Jun 2019

The major bank has joined NAB in updating its lending policy in line with revisions to the banking code.

AFG appoints new national sales manager

by Reporter • 26 Jun 2019

The mortgage aggregator has promoted one of its business relationships managers to the role of national sales manager... READ MORE

New entrant to 'explore' third-party 'opportunities'

by Charbel Kadib • 26 Jun 2019

A global non-bank lender has entered the Australian credit space and is considering its options in the third-party... READ MORE

Credit resurgence could have ‘undesirable’ impact

by Charbel Kadib • 25 Jun 2019

The fall in interest rates and an easing of lending standards will “breathe life” into the property market, but not... READ MORE

Top tips for writing asset finance before EOFY

by Annie Kane • 25 Jun 2019

As the end of financial year fast approaches, several leading players in the asset finance space have outlined their... READ MORE

FHBs ‘overwhelmed’ by mortgage process

by Reporter • 25 Jun 2019

The rigours of the home loan application process have been described as “stressful” and “overwhelming” by 93... READ MORE

Brokers urged to embrace car finance space

by Reporter • 25 Jun 2019

An aggregator has called on brokers to capitalise on the growing demand for broking services in the car financing... READ MORE

Analysis uncovers ‘surprising’ spike in high-LVR lending

by Charbel Kadib • 24 Jun 2019

The share of new loans approved with an LVR greater than 80 per cent has increased, despite continued tightening in... READ MORE

Banks charged $1.17bn in home loan fees

by Annie Kane • 24 Jun 2019

More than a quarter of the $4.19 billion dollars of bank fees charged to customers last year were related to home... READ MORE

P2P lender drops car loan rates

by Annie Kane • 24 Jun 2019

Peer-to-peer lender RateSetter has announced that it has dropped rates on new car loans by 85 basis points, following... READ MORE

Brokerage to extend reach in Sydney market

by Reporter • 24 Jun 2019

A brokerage based in Sydney’s eastern suburbs has announced its expansion into greater Sydney with the help of a real... READ MORE

Banks to begin rolling out financial abuse requirements

by Annie Kane • 21 Jun 2019

Several banks have begun advising brokers of impending updates that will require the industry to look out for financial... READ MORE

Finalists revealed for Women in Finance 2019

by Reporter • 21 Jun 2019

The Adviser, together with principal partner AMP Bank, is proud to announce this year’s finalists for the 2019 Women... READ MORE

Broker rating site removes pre-generated broker profiles

by Annie Kane • 21 Jun 2019

The founder of broker rating website Brokermatch has said that it will be removing all the “placeholder” profiles... READ MORE

Mortgage Choice director retires

by Reporter • 21 Jun 2019

The broking franchise has announced the retirement of a long-serving board director.

Broker market share hits new record-high

by Charbel Kadib • 20 Jun 2019

The broker channel has hit new heights, recording its highest ever share of the home loan market.

Proprietary channel conceded territory to brokers

by Charbel Kadib • 20 Jun 2019

The share of new home loans originated by the third-party channel has spiked against a backdrop of a 16.4 per cent fall... READ MORE

Westpac appoints new CEO of business division

by Reporter • 20 Jun 2019

The major bank has appointed a CEO to head-up its new business division.

Royal commission reinforced what GFC exposed: Laker

by Tas Bindi • 20 Jun 2019

A decade later, the royal commission came to the same conclusion that was reached during the GFC about the impact of... READ MORE

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